The crypto exchange announced in June that they will be combining with Superhero. Swyftx is the latest cryptocurrency company to experience growing pains. To combat the present bear market, Australian cryptocurrency exchange Swyftx has been compelled to lay off 21% of its workforce. Co-CEOs Alex Harper and Ryan Parsons sent
JP Morgan estimates Coinbase to generate an annual staking revenue of $650M. Coinbase will pause new ETH deposits and withdrawals during the Merge. The Merge, Ethereum’s transition from PoW to PoS, is just around the corner. Thus, the whole DeFi space is gearing up for this upgrade that is scheduled
Inaccessibility to these features would take effect on August 23 for these users. Huobi left Thai territory not too long ago after a dispute with authorities. Governments everywhere are scrambling to find ways to accommodate the cryptocurrency industry as interest in it grows. All throughout the globe, exchanges have been
Introduction to Proof-of-Work In order to prevent abuses of computer resources for things like spamming or DoS attacks, proof of work (PoW) defines a method that needs a not-insignificant but practical amount of effort. In 2004, Hal Finney applied the notion to the protection of digital currency by devising the
After a hacker allegedly stole $32 million from the Brazilian crypto lending company BlueBenx, all 22,000 of its members had their withdrawals frozen. Despite the fact that the corporation has not provided any information regarding the attack, a large number of people have apparently lost their jobs. BlueBenx is just
BTC price surged up to $24,200 but decreased after that limit. At the time of writing, the coin was trading at $23,886. Bitcoin (BTC) broke the $24K overhead resistance today but was not able to sustain it over the $24,200 limit. Experts predicted that if the coin crossed the $24.2K
The Whale bought 199.99B SHIB for $2,075,999 ($2.07M) in the initial transaction. Shiba Inu has the largest holding among the top 2000 ETH whales. “Gimli” and “BlueWhale0159,” the two significant ETH Whales, have amassed 533.99B SHIB in the last 24 hours, totaling $5,624,279 ($5.62M). For the 248th-biggest Ethereum hoarder known
Blockchain.com is reducing about 150 employees, due to financial losses. The exchange recently lost $270 million from Three Arrows Capital. As per reports, Luxembourg-based cryptocurrency exchange Blockchain.com is disbanding 25% of its employees, amid financial losses and the collapse of the global crypto market. The latest workforce reduction will affect
Coinbase has held its position as the largest Bitcoin exchange since 2014. Bitcoin holdings on Coinbase have fallen below the 600,000 barrier. In the race to hold the most bitcoins, Binance has beaten Coinbase to the top spot. It’s a new milestone for Binance, and it shows the confidence Binance
Hoskinson likened Michael Saylor to Tone Vayes in the current market environment. Cardano founder says ADA offers greater usefulness than Bitcoin does. In response to MicroStrategy CEO Michael Saylor’s assertions that ADA is security, Cardano’s creator Charles Hoskinson has issued a statement. Hoskinson likened Michael Saylor to Tone Vayes in
